Tax incentives for hydrogen production

Country / jurisdiction: Egypt · Year: 2024 · Status: In force · Level: National · Type: Voluntary

Several tax incentives including refund 33-55% of the income tax related to hydrogen production or its expansion, VAT exemption for equipment and exported production, exemption from property tax, stamp tax and documentation fees, up to 30% of the workforce can be foreign, 30% reduction of port fees and land use fees reduction of 20-25%. Qualification criteria includes starting operations within 5 years from signing the agreements, at least 70% of the investment cost should be financed with foreign investments, at least 20% of the project components should be domestically manufactured

Official source: https://www.taxathand.com/article/34185/Egypt/2024/Law-introduces-incentives-for-green-hydrogen-production-projects